2640 East 14th Street Condominium
2640 East 14th Street, Brooklyn, NY 11235
Overview
2640 East 14th Street is a 5-unit condo in Brooklyn, with 5 parking units and 2 commercial units.
- Offering plan: Accepted April 2015 · 195 pages · floor plans on page 7
- Finishes: 8'6" ceilings, hardwood floors, laminate kitchen countertops, Frigidaire appliances, washer/dryer hook-ups and a VRF heat pump system for heating and cooling
- Prices: $592 a square foot on average, as first offered; $5.72 million in all ($5.09 million when first offered)
- Sponsor: 2640 East 14 LLC, represented by Ilan Law Firm, P.C.; principals Boris Maiden, Nikolay Lipetsker and Yanina Ilan
- Neighborhood: Sheepshead Bay, Brooklyn
- Subway: 4-minute walk to Sheepshead Bay (B, Q); 15 minutes to Neck Rd (Q)
- Amendments: 4, the latest in March 2017
- Units
- 5 residential · 5 parking · 2 commercial
- Neighborhood
- Sheepshead Bay, Brooklyn
- Subway
- 4 min walk to Sheepshead Bay B QNeck Rd Q, 15 min
- Principals
- Boris Maiden, Nikolay Lipetsker, Yanina Ilan
- Average $/sf
- $592Homes in Schedule A, as first offered
- Offering price
- $5.72 million total $5.09 million when first offered
- Floor plans
- Page 7 of the plan
- SubmittedMay 2015
- AcceptedApril 2015
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Feb 29, 2024.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Feb 10, 2016
Amendment documents first closing, Certificate of Occupancy, sponsor-retained units, working capital fund, board of managers, operating budget, and roof allocation to Unit 4A.
- First closing occurred September 20, 2016 at Gabriella Ilan, Esq. office
- Condominium Declaration filed August 10, 2016
- Permanent Certificate of Occupancy obtained August 8, 2016
- Sponsor retains 10 unsold units: C1, 2B, 3A, 3B, 4A, PS1-PS5
- Working capital fund of $3,994.00 maintained at Citibank, N.A.
- Portion of roof designated as limited common element allocated to Unit 4A with specified maintenance responsibilities
- Operating budget for 2017 unchanged from 2nd Amendment, total $35,592
- Offering Plan extended six months from amendment date
Amendment 3 Apr 25, 2016
Plan declared effective with two units under contract representing 28.00% of units offered.
- Plan declared effective as of April 25, 2016
- Two units have accepted purchase agreements (Unit 2A as of 11/16/15, Unit C2 as of 4/15/16)
- Units represent 28.00% of condominium units offered for sale
- No closings will be scheduled until amendment is accepted for filing and served on purchasers
Amendment 2 Aug 31, 2015
Insurance estimate revised downward, reducing operating budget and common charges; real estate tax miscalculation corrected.
- Insurance projection reduced; revised Schedule B attached
- Operating budget reduced; Capital Reserve portion also reduced
- Common charges projected lower; revised Schedule A attached
- Real estate taxes for first year corrected in revised Schedule A
Amendment 1 May 22, 2015
Unit prices increased for residential units and parking spaces.
- Unit 2A price raised from $570,860.00 to $685,000.00
- Unit 2B price raised from $595,680.00 to $685,000.00
- Unit 3A price raised from $580,788.00 to $685,000.00
- Unit 3B price raised from $580,788.00 to $685,000.00
- Unit 4A price raised from $700,036.00 to $895,000.00
- Parking spaces PS1–PS5 prices each raised from $60,000.00 to $65,000.00
Team
- Sponsor
- 2640 East 14 LLC
- Principals
- Boris Maiden, Nikolay Lipetsker, Yanina Ilan
- Counsel
- Ilan Law Firm, P.C.
- Tax estimate
- Real & Proper Inc.Prepared the first-year real estate tax projection
- General contractor
- Omni BuildHeld the general construction permit on DOB job 320455798
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R5
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 2615-2621 East 17th Street Condominium0.2 mi · 29 units · 21 parking · 2006
- 2769a East 15th Street Condominium0.2 mi · 6 units · 2020
- Lawn Court Condominium Iii0.3 mi · 6 units · 6 parking · 2004
- Certa House Condominium0.3 mi · 10 units · 10 parking · 2023
- Vue Condominium0.3 mi · 58 units · 82 parking · 2016
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